GOLD (XAUUSD): Key Levels & Structure

Aug 12, 2020

Gold has retraced from a new structure high.
Now 2060 is our new key resistance level.

yesterday's daily candle got rejected from two crossing trend lines.
Now 1860 is our closest structure support.

1680 will be the next support.
it is based on a spring's market high.

for now it is not clear how the price will act,
however, key levels are the points from where we can look for trading opportunities.

good luck!